Tidemark LLC Purchases 15,767 Shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Tidemark LLC raised its stake in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 8.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 195,812 shares of the company’s stock after acquiring an additional 15,767 shares during the period. Invesco S&P 500 Quality ETF accounts for about 5.0% of Tidemark LLC’s portfolio, making the stock its 4th biggest position. Tidemark LLC’s holdings in Invesco S&P 500 Quality ETF were worth $13,125,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Diversified Enterprises LLC grew its holdings in shares of Invesco S&P 500 Quality ETF by 27.6% in the fourth quarter. Diversified Enterprises LLC now owns 4,185 shares of the company’s stock valued at $281,000 after acquiring an additional 904 shares in the last quarter. Madison Investment Advisors LLC purchased a new stake in shares of Invesco S&P 500 Quality ETF during the 4th quarter valued at $88,622,000. Commonwealth Equity Services LLC boosted its holdings in shares of Invesco S&P 500 Quality ETF by 12.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 1,282,702 shares of the company’s stock worth $85,980,000 after buying an additional 140,438 shares during the last quarter. Avantax Advisory Services Inc. grew its position in Invesco S&P 500 Quality ETF by 47.7% during the fourth quarter. Avantax Advisory Services Inc. now owns 470,518 shares of the company’s stock valued at $31,539,000 after buying an additional 152,016 shares during the period. Finally, Chicago Wealth Management Inc. increased its holdings in Invesco S&P 500 Quality ETF by 2.1% during the fourth quarter. Chicago Wealth Management Inc. now owns 153,900 shares of the company’s stock worth $10,316,000 after buying an additional 3,152 shares during the last quarter.

Invesco S&P 500 Quality ETF Stock Performance

Shares of SPHQ stock opened at $66.39 on Friday. Invesco S&P 500 Quality ETF has a 52 week low of $57.17 and a 52 week high of $71.22. The firm’s 50-day simple moving average is $68.96 and its two-hundred day simple moving average is $67.96. The firm has a market cap of $11.48 billion, a price-to-earnings ratio of 27.16 and a beta of 0.93.

Invesco S&P 500 Quality ETF Company Profile

The Invesco S&P 500 Quality ETF (SPHQ) is an exchange-traded fund that is based on the S&P 500 Quality index. The fund tracks an index of US large-cap stocks selected by return on equity, changes in net operating assets and financial leverage. Stocks are weighted by these quality factors, scaled by market cap.